The "All-In" Trading System for Simple and Straightforward Deposit Growth
Good time of day, fellow Forex traders.
I would like to continue the topic raised in the article "Why You Should Think Differently Than Other Traders". Namely, the use of unconventional approaches to trading and finding your own "edge" in price chaos. A brilliant example is the "All-In" trading strategy proposed by our forum member nicknamed goldedition.
And due to the high probability of the take-profit being hit, together with an unconventional money management system, the "All-In" trading system can also be used for the so popular "boosting" of a deposit.
Characteristics of the All-In Trading System
Platform: Any
Currency pairs: AUDCAD, AUDJPY, AUDUSD, EURGBP, EURJPY, GBPUSD, CHFJPY, NZDCHF, EURAUD, AUDCHF, CADCHF, EURUSD, EURCAD, GBPCHF
Timeframe: H1+D1+W1
Trading time: once a week
Recommended brokers: Alpari, Roboforex
Reference Section
- Strategy installation guide
- Working with pending orders
- Ilan expert advisor
- Deposit Boosting
The Principle Behind the System
What has risen sharply and strongly must fall. Or at least correct a little. The spring principle, refined and enhanced.
Instead of simply climbing against the current move, we select from a range of pairs (see the trading system characteristics) the "weakest link". Namely, the pair that has covered the greatest number of points in a week. With a probability of 6 to 1 it will pull back by 50-100 points. You can explain this by correction, profit-taking by market makers, stopping out those "who missed the train"; the essence is not important. The main thing is that this principle works and brings us money. Crisp real banknotes that are so convenient to keep under the pillow.
Entries and Exits
So, the algorithm is very simple:
1) At the end of the week, after the market closes, evaluate the distance from the Open point to the Close on the weekly candle for all pairs used in the strategy.
2) Choose the pair that covered the greatest distance over the week, i.e. with the largest candle body size.
3) This is the pair we will enter at the open. Moreover, we will enter in the direction opposite to the weekly candle. So if the weekly candle was bullish, we will sell; if bearish, we will buy.
4) Take-profit is 50 points, stop-loss is 100-110.
5) After 2 days, if neither the take nor the stop has triggered, close the order regardless of profit or loss.
6) We do not trade anymore this week and spend what we earned on whiskey and girls.
Money Management
Making 10-20% per month is good, but without attracting investor funds, it is not really enough financially for living. And therefore many people look for ways to "boost" a small deposit. This trading system is exactly suitable for that because of the high percentage of take-profits being hit.
So, we calculate the starting deposit and lot in such a way that the stop-loss, if it triggers, takes about 80% of the deposit from us. For example, if our deposit is 120$, then trading with a 0.1 lot, if the stop-loss (100 points) is triggered, we will lose about 100$. This deposit and lot size are needed so that we are not taken out by a stop-out while we are in the trade.
Next. After two trades (we get 100% profit), we withdraw the profit. After a profit of 300% we double the deposit. Repeat the cycle.
Of course, the "All-In" trading system can also be used with "normal" risks of 2-5% per trade.
Additionally
- It is better to enter the market not at the open, but 5-10 minutes later, when spreads return to normal.
- To calculate candle body size, it is convenient to use the Candle Body Size indicator, which can be downloaded at the end of this review.
- To increase profit, you can enter the market not with market orders but with pending orders, placing them based on the assumption that the market will continue its previous movement by N points before moving in our direction. There is no need to be greedy: pending orders at a distance of 10-15 points are enough.
- It is safest to enter only one pair per week.
- If you still cannot sit still, after the take-profit has been reached and provided that one or two of the other pairs (with a large weekly candle) are "in drawdown" relative to the direction of the intended trade by at least 50 points, you can enter the market again. But in this case the number of losing trades will increase.
- For extremists. For knights without fear and reproach, warriors of light, goodness, and freedom: you can use auto-martingale with the help of the Ilan expert advisor. Again, find the pair that we will trade this week, determine the trade direction, set Ilan for buys only or sells only with a lot of about 0.01 for every 100$ of deposit, Take-profit=50 points, step for opening additional orders 50 points, multiplier 2 or 3 (more is not advisable). After two days, disable the expert advisor and close the remaining orders.
Conclusion
The "All-In" forex strategy is undoubtedly of interest. First, because of its unconventional approach, and second, because of its money management features, which, combined with the high probability of reaching take-profit, make this trading system a powerful tool for the very deposit acceleration that many beginner traders aspire to.
Download the "All-In" Trading System Files
Forum thread
Respectfully, Pavel Vlasov
TradeLikeaPro.ru
I would like to continue the topic raised in the article "Why You Should Think Differently Than Other Traders".